Question 1

What is Ameren's P/FCF ratio?

Accepted Answer

Ameren (AEE) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Ameren?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Ameren specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

What is Ameren's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Ameren (AEE) P/FCF ratio has ranged from a low of 7.1× in 2011 to a high of 1465.0× in 2015.

Question 6

What was Ameren's P/FCF ratio in 2015?

Accepted Answer

Ameren (AEE) P/FCF ratio at the end of 2015 was 169.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 7

Why does Ameren's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Question 8

Why is Ameren's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$27.1B	-$801M	—	—	Dec 31, 2025
2024	$23.8B	-$1.65B	—	—	Dec 31, 2024
2023	$19.1B	-$1.21B	—	—	Dec 31, 2023
2022	$23B	-$1.12B	—	—	Dec 31, 2022
2021	$22.9B	-$1.86B	—	—	Dec 31, 2021
2020	$19.3B	-$1.57B	—	—	Dec 31, 2020
2019	$18.9B	-$272M	—	—	Dec 31, 2019
2018	$15.9B	-$168M	—	—	Dec 31, 2018
2017	$14.3B	-$87M	—	—	Dec 31, 2017
2016	$12.7B	-$8M	—	—	Dec 31, 2016
2015	$10.5B	$62M	169.4×	—	Dec 31, 2015
2014	$11.7B	-$308M	—	—	Dec 31, 2014
2013	$7.03B	$269M	26.1×	+9.7×	Dec 31, 2013
2012	$7.45B	$453M	16.5×	+6.2×	Dec 31, 2012
2011	$8.03B	$785M	10.2×	+0.7×	Dec 31, 2011
2010	$6.77B	$713M	9.5×	-38.1×	Dec 31, 2010
2009	$6.62B	$139M	47.6×	—	Dec 31, 2009
2008	$7.05B	-$687M	—	—	Dec 31, 2008
2007	$11.3B	-$320M	—	—	Dec 31, 2007
2006	$11.1B	$260M	42.6×	-4.1×	Dec 31, 2006
2005	$10.5B	$224M	46.8×	+16.4×	Dec 31, 2005
2004	$9.79B	$323M	30.3×	+7.3×	Dec 31, 2004
2003	$8.02B	$349M	23.0×	-334.2×	Dec 31, 2003
2002	$6.43B	$18M	357.1×	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Ameren (AEE) 2002-2026

P/FCF Ratio daily chart for Ameren (AEE)

Historical P/FCF Ratio for Ameren (AEE) from 2002 to 2025

About P/FCF Ratio at Ameren (AEE)

Ameren P/FCF Ratio by Year

Ameren P/FCF Ratio 2015: 169.4×

Ameren P/FCF Ratio 2013: 26.1×

Ameren P/FCF Ratio 2012: 16.5×

Ameren P/FCF Ratio 2011: 10.2×

Ameren P/FCF Ratio 2010: 9.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Ameren (AEE) Key Financials